Brown Physicians INC FY2024 filing

Tax-deductible

Providence, RI501(c)(3)Since 2017Health CareEIN 82-1858635Revenue $12.6M in FY2024

On file with the IRSbrownphysicians.org110 Elm Street 2nd Flr, 02903-4626 · Providence, RITax-exempt since Oct 2017Supporting org, Type I — 509(a)(3)

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To support the purposes of the warren alpert medical school of Brown university, as well as other tax-exempt nonprofit hospitals in rhode island.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $696K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17.2M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
+45% vs prior year
Spent
$16.9M
To programs
61%
Net assets
$12.1M
By yearFY2020–FY2025
Revenue
$12.6M
FY2024▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$10.0M
FY2022$9.2M
FY2023$8.7M
FY2024$12.6M
FY2025$21.6M
Expenses
$16.9M
FY2024▲ +109%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$4.2M
FY2022$8.1M
FY2023$8.1M
FY2024$16.9M
FY2025$22.2M
Net assets
$12.1M
FY2024▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.9M
FY2021$14.6M
FY2022$15.7M
FY2023$16.4M
FY2024$12.1M
FY2025$11.5M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $10.3M Management & general 39% · $6.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief HR Officer
$120,342Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair (as of 6/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair (to 6/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ann Kashmanian’s $340K as Chief Financial Officer is at the 55th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024
Ann Kashmanian$340,077—
Tammy Lederer$267,561$120,342
Matthew Disano$144,004—
Gabriel Shepherd$142,388—
David Melo$139,964—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports medical school and Rhode Island hospitals' tax-exempt missions.

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Provided by the organization

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1 program · $10.3M · in their own filed words · FY2023
01

Development of multi-disciplinary clinical programs, participating in research, providing teaching services, planning joint clinical integration with the university and nonprofit hospitals in rhode island, and providing management services.

$10.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 31 grants · $16.3M · 2019–2024
Brown Emergency Medicine INCRI · FY2024$2,061,868
Brown MedicineRI · FY2024$1,456,307
Brown University HealthRI · FY2024$1,322,993
Brown University of ProvidenceRI · FY2024$260,148
Brown Dermatology INCRI · FY2024$223,124
Brown Urology INCRI · FY2024$207,931
Brown Neurology INCRI · FY2024$159,582
Brown Urology INCRI · FY2023$4,228,292
Brown Emergency Medicine INCRI · FY2023$1,600,421
Brown MedicineRI · FY2023$1,269,708
Brown University HealthRI · FY2023$1,111,869
Brown Dermatology INCRI · FY2023$323,503
Brown University of ProvidenceRI · FY2023$160,566
Brown Neurology INCRI · FY2023$99,907
The Miriam HospitalRI · FY2023$34,600
See all 31 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Gifts and grantsLn 1h$8.6M
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$231K
Money outPt IX
$16.9M
Ln 25
Programscol B$10.3M
Managementcol C$6.5M
Owns and owesPt X
$12.1M
net assets · Ln 32
Cash and savingsLn 1–2$8.0M
Total assetsLn 16$29.3M
LiabilitiesLn 26$17.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.6M
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$231K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$8.0M
InvestmentsLn 11–13$10.3M
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$6.1M
Total assetsLn 16$29.3M
LiabilitiesLn 26$17.2M
Net assetsLn 32$12.1M
OperationsPt I, VI
EmployeesI 596
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.0M$8.0M
InvestmentsLn 11–13$5.3M$10.3M
Land, buildings, equipmentLn 10c$2.9M$3.0M
Total assetsLn 16$27.9M$29.3M
LiabilitiesLn 26$11.5M$17.2M
Net assetsLn 32$16.4M$12.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.7M$9.7M
Other salaries and wagesLn 7$2.7M$343K$2.4M
Pension plan contributionsLn 8$262K$31K$231K
Other employee benefitsLn 9$684K$82K$602K
Payroll taxesLn 10$214K$26K$188K
Legal feesLn 11b$254K$254K
Accounting feesLn 11c$183K$183K
Other fees for servicesLn 11g$1.6M$1.6M
Advertising and promotionLn 12$133K$133K
Office expensesLn 13$413K$50K$363K
OccupancyLn 16$230K$29K$201K
Depreciation, depletion and amortizationLn 22$383K$48K$335K
InsuranceLn 23$70K$10K$60K
Total functional expensesLn 25$16.9M$10.3M$6.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.6M$22.2M−$625K$11.5M 990 PDF
FY2024 Viewing $12.6M$16.9M−$4.3M$12.1M 990 PDF
FY2023 $8.7M$8.1M$627K$16.4M 990 PDF
FY2022 $9.2M$8.1M$1.1M$15.7M 990 PDF
FY2021 $10.0M$4.2M$5.8M$14.6M 990 PDF
FY2020 $4.2M$2.6M$1.6M$8.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $12,587,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$8,606,305
I-9 Program service revenuePrior year $8,090,414$4,104,225
I-10 Investment incomePrior year $184,116$231,183
I-11 Other revenuePrior year $423,442−$353,903
I-12 Total revenuePrior year $8,697,972$12,587,810
I-13 Grants and similar amounts paidPrior year $86,250$9,705,905
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $151,323$3,906,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,833,759$3,261,046
I-18 Total expensesPrior year $8,071,332$16,873,428
I-19 Revenue less expensesPrior year $626,640−$4,285,618
Part VI · Governance 0 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $12,587,810 across 6 lines filed
VIII-1d Related organizations$8,606,305
VIII-1h Total contributions, gifts and grants$8,606,305
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,104,225$4,104,225
VIII-3 Investment incomeExcluded from tax $231,183$231,183
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,830 · Excluded from tax −$375,733−$353,903
VIII-12 Total revenueRelated to mission $4,126,055 · Unrelated business $0 · Excluded from tax −$144,550$12,587,810
Part IX · Statement of functional expenses $16,873,428 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $9,705,905$9,705,905
IX-7 Other salaries and wagesPrograms $343,343 · Management $2,403,398$2,746,741
IX-8 Pension plan contributionsPrograms $31,435 · Management $230,525$261,960
IX-9 Other employee benefitsPrograms $82,029 · Management $601,550$683,579
IX-10 Payroll taxesPrograms $25,704 · Management $188,493$214,197
IX-11b Legal feesManagement $253,948$253,948
IX-11c Accounting feesManagement $183,400$183,400
IX-11g Other fees for servicesManagement $1,595,104$1,595,104
IX-12 Advertising and promotionManagement $132,727$132,727
IX-13 Office expensesPrograms $50,022 · Management $362,829$412,851
IX-16 OccupancyPrograms $28,745 · Management $201,218$229,963
IX-22 Depreciation, depletion and amortizationPrograms $47,872 · Management $335,102$382,974
IX-23 InsurancePrograms $10,000 · Management $60,079$70,079
IX-25 Total functional expensesPrograms $10,325,055 · Management $6,548,373 · Fundraising $0$16,873,428
Part X · Balance sheet $29,253,327 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $4,020,659$3,245,670
X-2 Savings and temporary cash investmentsStart of year $5,971,034$4,738,233
X-4 Accounts receivableStart of year $1,448,068$1,525,648
X-9 Prepaid expenses and deferred chargesStart of year $228,158$285,905
X-10c Land, buildings and equipment, netStart of year $2,915,007$3,005,914
X-11 Publicly traded securitiesStart of year $5,269,012$10,309,663
X-15 Other assetsStart of year $6,916,911$6,142,294
X-16 Total assetsStart of year $27,899,010$29,253,327
X-17 Accounts payable and accrued expensesStart of year $1,569,301$2,660,746
X-25 Other liabilitiesStart of year $9,890,713$14,502,595
X-26 Total liabilitiesStart of year $11,523,406$17,163,341
X-27 Net assets without donor restrictionsStart of year $11,181,734$6,357,111
X-28 Net assets with donor restrictionsStart of year $5,193,870$5,732,875
X-32 Total net assets or fund balancesStart of year $16,375,604$12,089,986
X-33 Total liabilities and net assetsStart of year $27,899,010$29,253,327
Part XI · Reconciliation of net assets $12,089,986 net assets at year end
XI-1 Total revenue$12,587,810
XI-2 Total expenses$16,873,428
XI-3 Revenue less expenses−$4,285,618
XI-4 Net assets at start of year$16,375,604
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,089,986

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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